Otter Creek, FL Divorce Buyout in Florida
Since 1979 Somerset Investors Corp. Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Florida, offering its expertise in many of the circumstances that life brings to many homeowners. In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.Following is an example of how Divorce Buyout works:
Example: John and Jane own a house valued at $500,000, with a mortgage (or mortgages) that total $300,000. If you subtract the value from the total loan about ($500,000 - $300,000) you get the equity of the house, in this case $200,000. If John and Jane split their assets 50-50, each have $100,000 equity in the house. Therefore, if John wishes to keep the house, he would need to refinance the mortgage(s) with a total loan amount of $400,000 and use the remaining $100,000 to buy out his spouse.
Return to divorce buyout in the state of FL
| Otter Creek, Florida News |
Two want to represent Chiefland
Chiefland discusses garbage There's going to be a little adjustment to the city's garbage rates for dumpster service - especially for two businesses with large compactor Dumpsters.
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LARC gets grant from Plum Creek
LARC will survive - but how? Levy ARC will have to become more innovative in its fundraising now that Medicaid waiver tiers have gone into effect.
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The unkindest cuts of all
'Enraptored': Wild bird event thrills nature buffs Dr. Dawn Miller, DVM, assistant Cheryl Johnson, and ten birds of prey enthralled wildlife enthusiasts at the final evening event of the Nature Coast Bird & ...
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Creekside students learn fire safety awareness
County has good year in the court system The legal staff handled 692 files in the past year.
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Great Ride 'a blessing' for LARC
Visit to old Depot Key shows history slipping away Atsena Otie, formerly known as Depot Key and the site of the original Cedar Key settlement, has suffered so much erosion from storms that the ruins of the old ...
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Ride to Provide a 'blessing'
U.S. 19 looks like a pretty big piece of road, at least until both northbound lanes are crammed with motorcycles - some 275 of them.
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Great Ride 'a blessing' for LARC
Community Center open for storm shelter Emergency management officials have opened Cedar Key Community Center as an emergency storm shelter.
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Enjoy nature, nurture yourself at Cedar Key
Take U.S. Highway 27 South to Perry. Continue on U.S. 19/98 to S.R. 345 in Levy County.
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Ride to Provide is Sept. 6
Early voting starts Aug. 11 The Election Supervisor's Office is gearing up for the Primary.
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Tampa, St. Petersburg, Clearwater
THIS INCLUDES OTTER CREEK. * UNTIL 500 PM EDT * AT 354 PM EDT...NATIONAL WEATHER SERVICE DOPPLER RADAR INDICATED RAINFALL RATES OF TWO INCHES PER HOUR ASSOCIATED WITH A CLUSTER OF THUNDERSTORMS OVER THE ADVISED ...
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Tampa, St. Petersburg, Clearwater
THIS INCLUDES OTTER CREEK. * UNTIL 500 PM EDT * AT 354 PM EDT...NATIONAL WEATHER SERVICE DOPPLER RADAR INDICATED RAINFALL RATES OF TWO INCHES PER HOUR ASSOCIATED WITH A CLUSTER OF THUNDERSTORMS OVER THE ADVISED ...
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Bronson questions fire chief's health
Standards will clean up Suwannee Thanks to a lawsuit filed against the Environmental Protection Agency in 1998, Florida agreed to come up with a detailed agenda to comply with the CWA.
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Read the whole story
Anthony Phillips wants to be property appraiser Anthony Phllips announces candidacy.
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Home
More News headlines Bronson still wary over fire merger It appears Bronson Fire Chief Rick Lombardo is slowly inching closer toward his goal of making Otter Creek part of the town's fire district, but there are ...
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Watermelon Festival Saturday
More Headlines Reason to Relay - "Sisters have two reasons LIbby, Ginny and Adamarie remember their sister Margaret's battle with cancer and are determined to fight back and celebrate Ginny, who was recently ...
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Bronson still wary over fire merger
Politicians? Rally at Bronson Speedway Levy politicians get air time during intermission of June 21 races.
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Why race: Looking LARC in the face
"Our payroll runs about $24,000 per month for 16 staff members (five are part time), including me" Next level: Beckham headed to GHS CK native topped 500 wins at Bronson Why race: Looking LARC in the face The 31st Annual Wild Hog Canoe Race to benefit the Levy Association for Retarded Citizens is Saturday, ... via Cedar Key Beacon
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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